Holding(s) in Company

RNS Number : 3021N

Solo Oil Plc

24 October 2016

 

For immediate release

24 October 2016

Solo Oil Plc

("Solo" or the "Company")

Holding(s) in Company

The Board of Solo announces that the Company has received the following TR-1 notification which is set out below without amendment.

 For further information:

Solo Oil plc Neil Ritson Daniel Maling	[phone]
Beaumont Cornish Nominated Adviser and Joint Broker Roland Cornish (www.beaumontcornish.com)	[phone]
Shore Capital Joint Broker Jerry Keen Beaufort Securities Joint Broker Jon Belliss Cassiopeia Services Ltd Investor and Media Relations Stefania Barbaglio	[phone] [phone] [phone]

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			SOLO OIL PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		EPSILON INVESTMENTS PTE LTD
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		21 OCTOBER 2016
6. Date on which issuer notified:		21 OCTOBER 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		13%

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction			Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights		Number of shares		Number of voting rights		% of  voting rights x
				Direct		Direct xi	Indirect xii	Direct	Indirect
GB00B1TYBN97	935,461,623	935,461,623		851,028,635		851,028,635		12.12%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period xiv				Number of voting rights that may be acquired if the instrument is exercised/ converted.		% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date xvii	Exercise/ Conversion period xviii		Number of voting rights instrument refers to			% of voting rights xix, xx
								Nominal		Delta
Total (A+B+C)
Number of voting rights					Percentage of voting rights
851,028,635					12.12%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Sujatha Panicker
15. Contact telephone number:	[phone]

 

END

 

 

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